About
Organizational Structure of a Credit Union
What is the Board of Directors?
The board of directors approves the strategy and the policies of the credit union. An annual meeting is held to elect board members to fill vacancies in the board.
All members of LCCU are invited to this meeting and have the right to vote (minimum age 16 years) and are also eligible to be elected to the board (minimum age 18 years).
What is a Credit Union?
The credit union movement began in the mid-19th century. Today, credit unions are in 80 countries around the world.
Credit unions are different from other financial institutions. They believe that it is the fundamental right of all people to have access to loans and affordable financial services.
The credit union movement is based on self-help, helping people help themselves. The most important principles of credit unions are:
Awards
Latino Community Credit Union has received the following designations and recognitions:
Awards:
Mission
Latino Community Credit Union (LCCU) is the first financial services institution in North Carolina aimed at the state's growing Latino population.
LCCU's mission is to improve the financial condition of the Hispanic community through the delivery of affordable financial services and financial education programs specifically targeted to underserved Hispanic immigrants in North Carolina.

